401(k)

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Asked by an anonymous user
Answered by Julia M. Carlson
Financial Adviser in Newport, OR
No! It’s generally a poor decision to take from your retirement to pay any bills. The reason is that your 401k is earning and building for what you’ll need later. It’s...
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Asked by an anonymous user
Answered by Alex Bentley PRO+
Financial Adviser in Pacific Palisades, CA
I actually believe in many cases that investing in very low cost index funds on a fully taxable basis yields better results than investing in an annuity. The reason i...
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Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
I don't see anyone here mention that collecting SS @ 62 and continuing to work will cause a takeback of the SS benefits. For every $2 of earnings over the threshold o...
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Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - You will need to check with the Administrator of the 401k plan to determine your options regarding a hardship withdrawal - not all 401k plans allow hardship with...
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Asked by Greg
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - It depends on how your 401k is set up if you can even buy individual stocks. Most 401k plans allow only choices from a menu of mutual funds. Many large emplo...
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Asked by Jim
Answered by Michael Hoffman PRO+
RFC, CLU, ChFC in Grass Valley, CA
Jim, You may want to defer taking Social Security until later (age 70) if you do not need the income now. Your benefits will increase by as much as 25%. In addition...
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